4 ms·

Chainlink does not solve the oracle problem. In the best case, they put a "price" on fabricating truth in the blockchain world. If the "source of truth" is dis

Chainlink does not solve the oracle problem. In the best case, they put a "price" on fabricating truth in the blockchain world. If the "source of truth" is distributed, what stops somebody from running a worldwide botnet which pretends to be "anonymous chainlink nodes/contributors" and feed false information to the blockchain? Even if there is a price for each node to participate in the consensus mechanism, then you just set up a price which is required before you are allowed to defraud the oracle. How much are you willing to bet on this possibly defraudable oracle?

c0mptonFP 5y ago
Dude, defrauding Chainlink even once would probably cost you trillions of dollars - if not more. Have you read the super-linear staking section in the white paper?
- mw888 5y ago
  You have the burden of proof, doubly so considering Chainlink has no working product which lives up to its promise. Not saying it’s impossible, but you shouting out a number and some terminology just makes it seem like you are emotionally invested in addition to financially.
  - c0mptonFP 5y ago
    First of all, I'm neither invested in ChainLink nor ETH. I'm interested in working on oracles. Secondly, this is an informal discussion on a mainstream forum - one which is pretty strongly against crypto. So forgive me for not being super keen on writing PhD-level responses The current white paper mentions that for a briber with at most `$d*(n^2 + n)/2`, where n is the number of oracle nodes, there exists a subgame perfect equilibrium for bribers to not issue the bribe and nodes to behave honestly. I can't seem to find a formal proof though. If you bother to check the listed examples in the white paper, my hand-wavey "trillions of dollars" estimate wouldn't be even that far off, assuming wider adoption of Chainlink.

4 ms·

Chainlink does not solve the oracle problem. In the best case, they put a "price" on fabricating truth in the blockchain world. If the "source of truth" is dis

by polygamous_bat 5y ago

c0mptonFP 5y ago
Dude, defrauding Chainlink even once would probably cost you trillions of dollars - if not more. Have you read the super-linear staking section in the white paper?
- mw888 5y ago
  You have the burden of proof, doubly so considering Chainlink has no working product which lives up to its promise. Not saying it’s impossible, but you shouting out a number and some terminology just makes it seem like you are emotionally invested in addition to financially.
  - c0mptonFP 5y ago
    First of all, I'm neither invested in ChainLink nor ETH. I'm interested in working on oracles. Secondly, this is an informal discussion on a mainstream forum - one which is pretty strongly against crypto. So forgive me for not being super keen on writing PhD-level responses The current white paper mentions that for a briber with at most `$d*(n^2 + n)/2`, where n is the number of oracle nodes, there exists a subgame perfect equilibrium for bribers to not issue the bribe and nodes to behave honestly. I can't seem to find a formal proof though. If you bother to check the listed examples in the white paper, my hand-wavey "trillions of dollars" estimate wouldn't be even that far off, assuming wider adoption of Chainlink.